Home sales across the GTA hit 6,138 in October, down 9.5% year-over-year, as buyers continued to take their time in a more negotiable market. 🏡📉
New listings rose 2.7% year-over-year to 16,069, giving buyers a wider selection — though both sales and listings slipped slightly from September levels. 📋🏘️
The average selling price came in at $1,054,372, down 7.2% from last October, while the MLS® HPI Composite eased 5% year-over-year and stayed essentially flat month-over-month. 💰📊
💬 Lower mortgage rates are starting to ease pressure, but the fall market remains firmly buyer-leaning — a window for well-prepared purchasers to negotiate strong terms before inventory tightens again.
📩 DM us @boltonandclements for your personalized market game plan — or book a quick strategy call today.
Market Update Alert! 🏡📊
